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An extension agreement is an agreement where the parties decide to change the end date of the original contract. These are used when the original parties to the contract are happy with the terms and conditions of the original agreement. An extension agreement is often easier than negotiating an entirely new contract.
How do you offer a contract extension?
Sometimes, its as simple as moving the contract end date. It can also be a good opportunity to review and change some of the contracts terms. Generally, the creator of the original contract will produce an extension agreement (or contract extension addendum) to be signed by all the parties involved.
How do you write an extension for a contract?
Your Contract Extension Agreement should include details like: the effective date of the extension agreement; the names and addresses of the parties involved, and their signatories; the name and date of the original contract; the end date of the original contract; the end date of this extension; and any amendments to
How do I apply for an extension of contract?
Contract extension checklist Review the original contract. Identify the reason for the extension. Clarify expectations for the extension period. Specify any changes to the terms. Consider legal advice. Sign your extension agreement.
What does a contract extension mean?
A contract extension is an agreement between the original contracting parties to extend the terms of their existing contract for a further period of time. The period for which the extension is granted is set out in the renewal agreement.
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People also ask
What is the extension of a contract agreement?
A contract extension is an agreement between the parties to an existing contract to extend the terms of that agreement for an additional period of time. The duration of the extension is specified in the extension agreement. In some cases, the extension does no more than extend the termination date of the contract.
What is the extension option of a contract?
An extension option is a legal right within a contract for one of the parties to extend the term of the contract for a specified period. It is usual for Commonwealth standard contracts to provide that exercising an extension is at the Commonwealths discretion.
Related links
CONR250.pdf
Pursuant to Article 4 of said contract - No extension beyond the date of completion fixed by the terms of this contract shall be effective until approved
REQUEST FOR EXTENSION OF I CONTRACT. For Completion of Courses in Which. Temporary I Has Been Assigned. Do not enroll for this course again. This contract
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